semiconductor / news / / MarketScreener
Israeli contract chipmaker Tower Semiconductor beat Wall Street expectations for fourth-quarter profit.
Tower Semiconductor is investing an additional $270 million in silicon photonics chip equipment.
KEY POINTS
- Total investment in high-speed silicon photonics technology will reach $920 million after this allocation.
- By end of 2026, Tower plans to make five times more silicon photonics chips monthly than in 2025.
- Customers have already committed to buying Tower's increased output of silicon photonics chips.
COMPANIES
Summarized by Newsio from MarketScreener. How we summarize →